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April 24, 2008 – Comments (3)

Now I normally don't like to toot my own horn that much, but there has been some weird stuff going on that I have to mention.  Perhaps my crystal ball is just working really well lately.  I can't believe that financial journalists read my blog, but check out these amazing coincidences:

1) Earlier this month I wrote about the impact that the current economic downturn is having upon automakers and how it may even end up bringing pain to quality companies like Toyota.  A day or two later  a very similar piece was published on CNN/Money.  I wrote about this incident here: Hello, Hello, Hello...Echo, Echo, Echo...

2) On April 21st, I wrote a blog about declining oil production in major countries and how Saudi Arabia stated that it does not have any plans to bring new supply on-line after its current projects: Saudi Arabia Said WHAT?!?!.  A day later a similar article was on the front page of the Wall Street Journal.

3) Today my father forwarded me a link to an article that again appeared on the front page of the Wall Street Journal mentioning that it sounds very similar to what I wrote in my blog post called Sell Your Restaurant Stocks NOW!!! a few days ago.

4) I also was early on the bash Greenspan bandwagon, writing a blog post titled Ben’s Getting a Bum Rap, Blame Greenspan weeks before the mainstream media picked up on the fact that he may have been responsible for the credit and economic problems that we are currently experiencing rather than the super genius that everyone made him out to be when he rode off into the sunset while people showered him with money for his book and speeches.  Major publications, again including the WSJ, published front page articles on this well after I wrote about.  Greenspan even felt the need to write an editorial defending himself.

To use a sports analogy, I have been seeing the ball fairly well least in terms of blogging.  I can't wait to see tomorrow's front page headline in the WSJ or CNN/Money saying that Amazon's stock could be headed for trouble: The Government is inventing new ways to get your money. Time to short Amazon?.  Hmmm, I better come up with something good for my next article.


No position in AMZN

3 Comments – Post Your Own

#1) On April 24, 2008 at 1:44 PM, TMFDeej (97.44) wrote:

I just took lunch and had an opportunity to read the WSJ restaurant article.  Great piece.  It contains a ton of data and anecdotal information on the pain that restaurant chain operators are feeling right now.

One challenge that it mentions that I didn't think of is the fact that the minimum wage is scheduled to increase by as much as 12% in many states this summer (I forget the exact statistic).  I need to look into this fact more.  I wonder who the leading minimum wage employer is in the U.S. and if the higher wages will have a negative impact upon them.


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#2) On April 24, 2008 at 1:55 PM, Tastylunch (28.52) wrote:

Yeah yours is consistently one of the best blogs in CAPS, deej. I think I've recc'ed about every entry you've had over the past two months.....


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#3) On April 24, 2008 at 3:19 PM, TMFDeej (97.44) wrote:

Thanks Tastylunch.


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